Page 24 - JouleCasePPM.pdf_Neat

EXHIBIT C

FINANCIALS Balance Sheet SECTION 3:

Joule Case Inc.
Joule Case/Joule Case Energy Solutions 2021 2022 2023 2024 Exhibits

Joule Case Inc.
Balance Sheet

Non-Current Assets
Combined Asset Purchases 2,700,000 6,246,000 8,821,080 8,644,658
Accumulated Depreciation 270,000 513,000 1,356,300 2,997,378
Total Non-Current Assets 2,430,000 5,733,000 7,464,780 5,647,280
The following financial projections are hypothetical and based on certain assumptions that may
change during the operation of the Fund. As such, the projections and data enclosed in this Current Assets
Exhibit are considered “forward-looking statements” and are not an assurance of specific future Trade Receivables 765,588 1,174,381 1,733,950 2,316,674
performance of the Fund. Inventory 465,236 731,863 1,064,128 1,191,824
Cash & Equivalent 2,371,571 11,613,855 25,988,173 46,890,385
Total Current Assets 3,602,395 13,520,099 28,786,251 50,398,883
Total Assets 6,032,395 19,253,099 36,251,031 56,046,163

Shareholders Equity
Equity Capital 193,525 193,525 193,525 193,525
Retained Earnings 2,566,707 11,757,267 25,695,529 45,311,000
Total Equity 2,760,232 11,950,792 25,889,054 45,504,525

Non-Current Liabilities
Long Term Borrowing 2,700,000 6,246,000 8,821,080 8,644,658
Total Non-current Liabilities 2,700,000 6,246,000 8,821,080 8,644,658
Current Liabilities
Trade Payables 552,163 1,036,107 1,520,495 1,876,374
Accrued Payables & Others 20,000 20,200 20,402 20,606
Total Current Liabilities 572,163 1,056,307 1,540,897 1,896,980
Total Liabilities 6,032,395 19,253,099 36,251,031 56,046,163